XML 91 R69.htm IDEA: XBRL DOCUMENT v3.3.1.900
Net Income Per Unit (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
[4]
Dec. 31, 2014
[5]
Sep. 30, 2014
[5]
Jun. 30, 2014
[5]
Mar. 31, 2014
[5]
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net income per unit [Line Items]                      
Net income attributable to partners                 $ 66,848 [1] $ 71,997 [2],[3] $ 47,830 [2],[3]
Limited partners' distribution                 54,317 45,951 38,491
Earnings in excess of distributions                 7,518 24,163 8,554
Limited Partner, Common Units [Member]                      
Net income per unit [Line Items]                      
Total earnings                 31,160 35,085 23,490
Limited Partner, Subordinated Units [Member]                      
Net income per unit [Line Items]                      
Total earnings                 30,525 34,546 23,383
General Partner                      
Net income per unit [Line Items]                      
Total earnings                 $ 5,163 $ 2,366 $ 957
Common Units [Member]                      
Weighted average limited partner units outstanding:                      
Common units - (basic)                 12,237,154 [1] 12,171,548 [2] 12,025,249 [2]
Common units - (diluted)                 12,356,914 [1] 12,302,629 [2] 12,148,774 [2]
Net income per limited partner unit:                      
Common units - (basic) $ 0.56 $ 0.71 $ 0.71 $ 0.57 $ 0.81 $ 0.60 $ 0.88 $ 0.60 $ 2.55 [1] $ 2.88 [2] $ 1.95 [2]
Common units - (diluted) $ 0.55 $ 0.70 $ 0.70 $ 0.56 $ 0.80 $ 0.59 $ 0.87 $ 0.59 2.52 [1] $ 2.85 [2] $ 1.93 [2]
First target distribution [Member] | Maximum [Member]                      
Footnote [Abstract]                      
Distribution Payment Targets                 $ 0.43125    
General Partner                      
Net income per unit [Line Items]                      
Net income attributable to partners                 $ 5,163 $ 1,440 $ 957
General partner's distribution [6]                 5,013 1,883 785
Earnings in excess of distributions                 150 483 172
Limited Partner [Member] | Common Units [Member]                      
Net income per unit [Line Items]                      
Limited partners' distribution                 27,439 23,152 19,292
Earnings in excess of distributions                 $ 3,721 $ 11,933 $ 4,198
Weighted average limited partner units outstanding:                      
Common units - (basic)                 12,237,154 12,171,548 12,025,249
Common units - (diluted)                 12,356,914 12,302,629 12,148,774
Net income per limited partner unit:                      
Common units - (basic)                 $ 2.55 $ 2.88 $ 1.95
Common units - (diluted)                 $ 2.52 $ 2.85 $ 1.93
Limited Partner [Member] | Subordinated Units [Member]                      
Net income per unit [Line Items]                      
Limited partners' distribution                 $ 26,878 $ 22,799 $ 19,199
Earnings in excess of distributions                 $ 3,647 $ 11,747 $ 4,184
Weighted average limited partner units outstanding:                      
Subordinated units - Delek (basic and diluted)                 11,999,258 11,999,258 11,999,258
Net income per limited partner unit:                      
Subordinated units - Delek (basic and diluted)                 $ 2.54 $ 2.88 $ 1.95
[1] The information presented includes the results of operations of the Logistics Assets Predecessor. See Notes 1 and 3 for further discussion.
[2] Adjusted to include the historical results of the Logistics Assets Predecessor. See Notes 1 and 3 for further discussion.
[3] There were no expenses associated with the Tyler Assets Predecessor included in our consolidated financial statements for the years ended December 31, 2014 and 2013, as the Tyler Assets were not fully constructed and were not placed into service until January 2015. Additionally, prior to the Tyler Crude Tank Acquisition, the Tyler Assets Predecessor did not record revenues for intercompany storage services.
[4] The information presented includes the results of operations of the Logistics Assets Predecessor.
[5] The information presented has been adjusted to include the results of operations of the Logistics Assets Predecessor.
[6] General partner distributions (including IDRs) consist of the 2% general partner interest and IDRs, which represent the right of the general partner to receive increasing percentages of quarterly distributions of available cash from operating surplus in excess of $0.43125 per unit per quarter. See Note 12 for further discussion related to IDRs.